Turkey obviously intervened heavily to limit depreciation pressure (and an inflationary shock) in March (and I guess bought a bit of fx back last week).
But Turkey's real problem is that its current account deficit was widening even before the oil shock ...
Pope Leo has responded to Trump's criticism, telling Reuters he will continue to denounce war and warning that the Christian message — rooted in the primacy of peace — is being 'abused' https://reut.rs/4vh3twW
From a first factory with 400 workers in 1935 to around 23,000 employees across 13 countries today, Şişecam’s story is 90 years of industrial growth, backed by 56 years of IFC partnership.
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